Friends, the Quantum Resistant
Ledger (QRL) project is a public Blockchain ledger designed to be secure
against quantum computing (QC) advances. Unlike existing ledgers, the QRL is
specially designed to use a form of post-quantum secure signature for
transactions called XMSS.
The QRL also uses a low power proof-of-stake (POS) algorithm which again utilizes
iterative hash-chains and provably secure hash-based pseudo random number
functions. The POS algorithm is designed to have zero reliance upon
conventional signatures which are vulnerable to a sufficiently powerful QC and
allows nodes to run on low power devices such as raspberry PI’s or laptops and
passively earn income by staking. Quantum
computers, with their increased efficiency, could solve it much quicker with
their better computing capabilities. This could make current encryption technology
ineffective and question the use of Blockchains. Let us know your thoughts
today! Lawrence, Cryptocurrency
Academy (https://cryptocurrencyacademy.blogspot.com)
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